The U.S. government have demonstrated that they are willing to sacrifice all the rest of the U.S. economy - solely to prevent the banksters from drowning in their own financial feces.
Here is how this "scorched-Earth" strategy is executed. The Federal Reserve prints up a massive quantity of new dollars, but gives 100% of that money to the Oligarchs. These Oligarchs, the same ones who promised to ramp-up their lending if they could just get a measly, $10 trillion in loans/hand- outs/guarantees have slashed lending - at the fastest rate in history.
So far, this year alone, U.S. bank-lending has fallen by over $100 billion - from the extremely depressed levels of 2008. Thus, not only is U.S. bank-lending falling at the fastest rate in history, but it is doing so from a level which was already far lower than bank-lending, before Wall Street destroyed the U.S. economy.
Surprise, surprise, the Oligarchs are back-stabbing the U.S. economy - again.
This begs the question: where is all that money going? The answer is surprisingly simple, given the intentionally convoluted manner in which the Oligarchs conduct most of their "business". The Fed gives the Oligarchs all of its freshly-printed, Bernanke-bills (at 0% interest). However, instead of lending any of the money (as they promised), the banksters deposit all of it into their own "savings account" at the Federal Reserve (where they get paid 1% interest on all the money they borrowed for free).
Bank Lending Plummets - As Wall Street Strangles Economy - Jeff Nielson February 20, 2010
Trouble is, I've been hearing this for decades, but nothing ever changes. The big shorters never have to cover high--they always drive silver to some absurd despair-inducing low. Can they keep doing it? Why do they keep doing it?? These articles never explain WHY the big banks remain incredibly short on silver. What do they know about silver that we don't? Does anyone have an answer to this?
The Fed gives the 666banksters all of its freshly-printed, Bernanke-bills (at 0% interest) - the 666 use to short the market - to skinn and kill the 888? -
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The carrots in front of donkeys - is an old trick smile history repeat itself - Rising Interest Rates Won't Stop Inflation
The Federal Reserve announced yesterday that it raised the "discount rate" by 25 basis points to 0.75%. This move was meaningless because very few institutions use the Fed's discount window, in comparison to more widely used overnight lending. The current balance of discount window borrowing is only $14 billion, compared to the $1.1 trillion in excess reserves currently being hoarded by banks.
By the Fed raising the discount rate but not the overnight federal funds rate, they are clearly trying to talk up the U.S. dollar and push down gold and silver prices, without reducing the supply of cheap credit. Considering that gold and silver prices rose slightly yesterday following the Fed's announcement and held strong today, it is our belief that the market is calling the Fed's bluff and beginning to realize that artificially low interest rates are here to stay.
Many people forget that gold's bull run from $35 to $850 per ounce during the 1970s came during a time of rising interest rates.
Historically, one of the best performing periods for precious metals has been when the Fed starts to raise artificially low rates.
When the Fed raises exceptionally low rates, traders often initially make the mistake of believing that inflation will no longer be a concern. They erroneously believe that with the Fed focused on bringing interest rates back to "normal" levels, it will be easy for them to contain inflation. They don't realize that the excess liquidity from artificially low rates will remain in the system until the Fed raises rates to artificially high levels and keeps them there for an extended period of time.
With the Fed having held the federal funds rate at 0%-0.25% for the past 14 months, we may need to see interest rates of 15% or higher for 14 months straight, in order for inflation to no longer be a concern.
With 1 in 5 mortgages in the U.S. currently underwater with low interest rates, it will be impossible for the Fed to raise rates dramatically without causing the mother of all Great Depressions.
Therefore, we believe the Fed has chosen to risk hyperinflation in the name of fighting a depression.
Based on the Bureau of Labor Statistics (BLS)'s CPI report released today, the official annual rate of inflation in January was 2.63%. This purported "low" rate of inflation will give Federal Reserve Chairman Ben Bernanke further cover to keep interest rates low.
However, NIA estimates the real rate of inflation to be approximately 3-4% higher than what is indicated by the CPI index.
Based on the real rate of inflation, NIA believes the Federal Reserve urgently needs to raise the federal funds rate to between 5 1/2% and 6 1/2% immediately, if it wants to prevent a breakout of double-digit inflation from occurring as soon as the second half of 2010.
There is no economic recovery in the U.S. Oil prices today reached a five-week high of $79.95 per barrel not because of a strengthening economy, but solely due to inflation.
Rising gasoline and food prices alone accounted for more than 1/4 of the U.S. Census Bureau's reported 4.71% year-over-year increase in January retail sales; the rest can be attributed to rising prices of other consumer goods and simple bottom-bouncing from last year's panic. In fact, if you go by Gallup's survey of consumers, retail sales actually declined in January from a year ago.
President Obama yesterday signed an executive order to create the "National Commission on Fiscal Responsibility and Reform", with a mission to "propose recommendations designed to balance the budget, excluding interest payments on the debt, by 2015".
Obama is obviously trying to redefine a balanced budget as not including interest payments on our national debt, because he knows it will be impossible to truly balance the budget.
This is similar to how Obama is deceiving Americans by not including Fannie Mae/Freddie Mac's $6.3 trillion in debt on the government's balance sheet, when they have clearly become government controlled corporations.
In December, China sold $38.8 billion in U.S. treasuries while purchasing only $4.6 billion worth of new ones, reducing their U.S. treasury holdings by $34.2 billion to $755.4 billion, its lowest level since February of 2009.
China has led the world with Australia as being the first to tighten lending standards. China clearly recognizes that inflation is the biggest threat to the world's economies.
It will be interesting to see if China steps up to purchase the 191.3 tonnes of gold being offered by the IMF.
Instead of making a direct gold purchase from the IMF like India, China might try to quietly accumulate this gold in the open market, in an effort to prevent a panic and protect the value of their remaining dollar-denominated assets.
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US bank lending falls at fastest rate in history - and no reason for interest hikes against the people? - only the elites nwo 666banksters want more hardship - against the people and plunder - of the peoples money more easy -
Yeah. So much for the plea that the big banksters needed to be bailed out with trillions of dollars in order that they could 'help the small business man - with carrot in front of donkeys?
Banks would rather sit on that money then lend it back to the people taxpayers who's leader - gave it to -em/self - all hidden - no accounting - Ron Paul End The Fed!?! - do we know? - The World Biggest Ponzy Scheme?
The Fed would start raising interest rates and withdrawing quantitative easing sooner than expected -
but does higher interest rates automatically mean lower gold prices? -
the answer short term is "yes" but not necessarily immediately -
in the last peak during the 1979-80 run-up, yields on the 10-year -
-- T-bond rose from 9% to 11% -
-- as gold rose from $200 to $850 smile
The Rothschild's control GOLD, from the mines to the mints..?.. with all trillions in bail out and tarp programs from all Western nations people's leaders given - the peoples money to the Rothschild's banks....
..so Rothschild's control the FIAT money PRINTING ponzy schemes - ..in all Western nations - ..one way or the other - FIAT or GOLD - ..can't matter much for the Rothschild's?
When a government is dependent for money upon the bankers,
they and not the government leaders control the nation.
This is because the hand that gives is above the hand that takes.
Goldman Sachs Group Inc. managed $15 billion of bond sales for Greece after arranging a currency swap that allowed the government to hide the extent of its deficit.
America's Ship of State is currently rudderless. And as long as we are expecting someone in Washington, D.C., to fix the problem, we will continue to be lost--adrift in a sea of evil and criminality.
To get America's Ship of State back on course, you and I must get back on course. And it starts by being willing to OPEN OUR EYES TO PAINFUL TRUTH.... please, welcome and find more info in the link below.....
* That each individual is endowed by his Creator with certain unalienable rights;
that among these are the rights to life, liberty, property and the pursuit of happiness;
* That the freedom to own, use, exchange, control, protect, and freely dispose of property is a natural, necessary and inseparable extension of the individual's unalienable rights;
* That the legitimate function of government is to secure these rights through the preservation of domestic tranquility, the maintenance of a strong national defense, and the promotion of equal justice for all;
* That history makes clear that left unchecked, it is the nature of government to usurp the liberty of its citizens and eventually become a major violator of the people's rights; and
* That, therefore, it is essential to bind government with the rules of the Constitution and carefully divide and jealously limit government powers to those assigned by the consent of the governed.
Do not let anyone, take away your property Rights, Liberty or Freedom;
Do not invite anyone in to your property who want to take any of your property Rights, Liberty or Freedom away!
We do want to be in U.S.A. and we do not want US to be the next 666-ussr!
For All People To Keep Your Rights - Its A Must To Listen and Learn of - Michael Badnarik teaches his famous class about the Constitution Rights, Liberty & Freedom for the People ....
The case for an Israeli strike against Iran By Spengler
The fact that Ha'aretz, Israel's left-leaning daily, found it necessary on February 17 to warn the Benjamin Netanyahu government not to attack Iran [1] strongly suggests that the option is on the table.
It seems clear that the administration of US President Barack Obama never will use force against Iran, despite the Iranian regime's open contempt for Washington and the international community. US Secretary of State Clinton this week responded with a direct "no" - not "all options are on the table" - when asked if America was planning a military strike.
Beijing is monitoring the evolving United States-led Iran sanctions campaign with alarm and - as conflicting responses to an Israeli initiative indicate - some uncertainty. It suspects the Barack Obama administration may be as interested in leveraging the Iran crisis in order to reassert America’s world leadership at China's expense as it is in removing Iran's nuclear weapons threat.